7-Eleven

17200 I-20, Canton, TX 75103

$4,244,000

Cap Rate 6.35%

DOM: 562 Updated: 08.06.24 Posted: 10.17.23 Status: Active

Summary

Price $4,244,000	Built/Renov 2008/2022	Tenant 7-Eleven
Cap Rate 6.35%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 6,005	Lease Start 08-01-2021	#Units 5
Price/SF $706.74	Expiration 08-01-2036	Tenant Type Convenience/Gas
NOI $269,510	R. Term 11.3	Ownership Fee Simple
Rent/SF $44.88	Increases 7.5%/3/yrs	Pop 5Mi 10,146
Lot/AC 0.48	Options 3/5yrs/4%	AHHI 5Mi $86,639

Lease Highlights

Recently renovated 2022
7-Eleven has 12+ years remaining on its current term with 3 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term, and 4% increases during extension terms
Landlord’s insurance and real estate taxes are reimbursed by tenant
Personal guarantee from a multi-unit franchisee operator
7-Eleven is an investment grade tenant (S&P: A)

Location Description

7-Eleven is located at the signalized, hard corner intersection of State Highway 19 and Interstate 20, which has a combined daily traffic count of 56,000 vehicles. Furthermore, the property benefits from nearby access to State Highway 243 (11,000 VPD) and State Highway 64 (10,000 VPD), making this an ideal, centralized location with easy commutes. Situated in a dense retail corridor, the...

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Key Features

Signalized intersection
Recent renovation
Dense retail corridor
Freeway visibility
Highway location
Income tax free state
Absolute NNN
Accelerated depreciation
Personal guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Canton, Texas Zip Code 75103 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Franchisee
Company:Franchisee
# Units:5
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	442	5,074	10,352
2023 Total Population :	442	5,056	10,213
2023 Employed Civilian Pop :	176	2,087	4,391
2023 Total Businesses :	72	503	631
2023 Average Household Income :	$ 85,529	$ 89,050	$ 88,946
2023 Total Consumer Spending :	$ 11 M	$ 154 M	$ 305 M
2023 Median Age :	44	43	45
2023 Total Households :	152	1,981	3,904
2023 Pop Age 25+: Bachelor's Degree :	41	553	1,130
2023 Average Home Value :	$ 285,317	$ 233,557	$ 271,284

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Trade Days Blvd	I- 20 Srv Rd	2013	11,132	0.21 mi
Vz County Road 3120	Co Rd 3120	2013	42	0.23 mi
Highway 19	I- 20 Srv Rd	2021	8,024	0.25 mi
I-20 Frontage Road	Country Club Dr	2021	4,640	0.69 mi
I 20	Country Club Dr	2021	41,938	0.69 mi
	Country Club Dr	2021	3,881	0.71 mi
I 20	I- 20 Srv Rd	2021	47,301	0.78 mi
Wynne Rd	Co Rd 2106	2013	359	0.80 mi
North Trade Days Boulevard	Wynne Rd	2020	10,573	0.99 mi
Edgewood Rd	I- 20 Srv Rd	2018	2,881	1.13 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
78039 Views
202 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
71060 Views
170 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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